Export Market is Niether Active nor Dull

This entry was posted on Wednesday, June 4th, 2014 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Premium jumbo half is trading around Rs5650/Tin/11.340 kilo/ Goa-Mangalore. But there is no aggressive buying in the most important W320 category. Forward demand for W320 may be Rs6000/Tin/11.340 kilo/Goa-Mangalore but only for the July second week delivery. Indian wholesalers are looking for direction from the export market, which is said to be neither active nor dull. This year, side markets and emerging markets may improve their market share in the Indian cashew kernel

American and European buyers are showing buying interest but there is no speculative intention.

Vietnamese bumper harvest is the reason behind this situation.

 

Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices